Mahindra BE 6 Car Loan EMI Calculator

₹ 38,322.
Here is how - Mahindra BE 6 price starts from ₹ 20,03,532 in Mumbai. If you pay a down payment of ₹ 1,13,532 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 38,322.

The cheapest BE 6 model is Pack One 59.0 kWh No Charger which is priced at ₹ 20,03,532 in Mumbai. You will need to pay at least a ₹ 1,13,532 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for BE 6.

Version	On-road price in Mumbai	Max Loan
Pack One 59.0 kWh No Charger	₹ 20,03,532	₹ 18,90,000
Pack Three 79.0 kWh No Charger	₹ 28,60,523	₹ 26,90,000
Pack Two 59.0 kWh No Charger	₹ 23,17,573	₹ 21,90,000
Pack Three Select 59.0 kWh No Charger	₹ 25,89,742	₹ 24,50,000
Pack One Above 59.0 kWh No Charger	₹ 21,71,021	₹ 20,50,000
Pack One 59.0 kWh 7.2kW Charger	₹ 20,55,872	₹ 19,40,000
Pack Two 59.0 kWh 7.2kW Charger	₹ 23,69,913	₹ 22,40,000
Pack Three 79.0 kWh 7.2kW Charger	₹ 29,12,952	₹ 27,40,000
Pack One Above 59.0 kWh 7.2kW Charger	₹ 22,23,361	₹ 21,00,000
Pack Three Select 59.0 kWh 7.2kW Charger	₹ 26,42,082	₹ 25,00,000
Pack One 59.0 kWh 11.2kW Charger	₹ 20,82,044	₹ 19,65,001
Pack Two 59.0 kWh 11.2kW Charger	₹ 23,96,084	₹ 22,65,001
Pack Three 79.0 kWh 11.2kW Charger	₹ 29,39,166	₹ 27,65,000
Pack One Above 59.0 kWh 11.2kW Charger	₹ 22,49,532	₹ 21,25,001
Pack Three Select 59.0 kWh 11.2kW Charger	₹ 26,68,253	₹ 25,25,001
Pack Two 79.0 kWh 11.2kW Charger	₹ 25,82,654	₹ 24,25,000
Pack Two 79.0 kWh No Charger	₹ 25,04,012	₹ 23,50,000
Pack Two 79.0 kWh 7.2kW Charger	₹ 25,56,440	₹ 24,00,000
Batman Edition 79.0 kWh No Charger	₹ 30,27,245	₹ 28,49,000

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for BE 6 Pack One 59.0 kWh No Charger will be ₹ 31,227 but you will have to pay interest of ₹ 7,33,068 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 62,783, but your interest payment will be only ₹ 3,70,188 over the 3 years period.

₹ 38,322
Mahindra BE 6 price starts from ₹ 20,03,532 in Mumbai.

We have considered
Down-payement : ₹ 1,13,532
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy BE 6 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,68,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of BE 6 starts from ₹ 20.04 Lakh, you can get a loan with an annual income as low as ₹ 6.68 lakh.

Here are the most important things you should consider while getting a car loan for a new BE 6

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.